United's financial results for the quarter ending December 31 revealed a substantial loss of 27.7 million, exacerbated by recent managerial changes. Cost associated with the departure of Erik ten Hag and his staff contributed 14.5 million, with a total payoff amounting to 10.4 million. Despite some successes in cup competitions, the overall outlook remains bleak, as the club faces upcoming redundancies and rising ticket prices to mitigate ongoing financial issues. The leadership under Ineos, particularly Sir Jim Ratcliffe, has drawn criticism for poor decision-making connected to the sporting director's brief tenure.
"Exceptional items for the quarter were a cost of 14.5 million... This relates to costs associated with the departure of former men's first team manager Erik ten Hag and various members of football staff."
"We recognise the challenges in improving our men's team's league position and we are all working hard, collectively, to achieve that."
"Dan Ashworth lasted just five months as Man Utd sporting director... Those decisions are among the most glaring errors made under Ineos as Sir Jim Ratcliffe prepares to bring up a year as co-owner on Thursday."
"Ticket prices have also gone up as United seek to overcome financial constraints that have grown under the Glazers..."
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